Utilities
Exelon (EXC) delivered solid Q1 2026 results with revenue rising 7.9% YoY to $7.24B and operating cash flow surging 43.7% to $1.72B, though EPS remained flat at $0.90 and leverage remains elevated with a debt-to-equity ratio above 3.0x.
Key risk: High Financial Leverage and Debt Load
Exelon carries $47.9B in long-term debt with a debt-to-equity ratio of 3.01x, which is substantial even for a regulated utility. Rising interest rates could materially increase borrowing costs on refinanced or new debt, pressuring future earnings and cash flows.
Other Electric Utilities companies